10 Stocks With Crazy Gains

5. Hecla Mining Company (NYSE:HL)

Hecla Mining soared by as much as 10.8 percent at intra-day trading on Monday, rallying to an all-time high alongside silver, as investors fled to safer assets amid ongoing geopolitical tensions.

At market close, the stock ended 8.95 percent higher at $24.46 apiece.

Hecla Mining Company (NYSE:HL) surged alongside its mining counterparts, namely Coeur Mining, New Gold Inc., and First Majestic Silver, after gold and silver spot prices reached new all-time highs of $4,600 and $86, respectively, primarily driven by geopolitical tensions between the US and Iran as well as concerns over the Federal Reserve’s independence.

On Monday, Iran signaled readiness for war, albeit remaining open to talks with the US amid the hundreds of people already killed during protests.

In the domestic front, investors turned increasingly cautious about the US central bank’s independence after its chairman Jerome Powell revealed that he was threatened by President Donald Trump of criminal indictment over their disagreements on interest rates.

To recall, Trump has been pushing for lower interest rates in the US in a bid to boost economic growth, criticizing the Fed’s rates path for lowering the benchmark rates for only three times last year.

Macroeconomic developments aside, Hecla Mining Company (NYSE:HL) is set to hold an Investor Day on January 26, at 12:30 PM EST to discuss its business strategy and outlook for the year. The event would coincide with its 135^th founding anniversary, which will likewise be celebrated through a closing bell ringing on the New York Stock Exchange.